Gates Industrial Corporation PLC $GTES Stock Holdings Decreased by Channing Capital Management LLC

Channing Capital Management LLC lowered its position in Gates Industrial Corporation PLC (NYSE:GTES) by 7.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,605,778 shares of the company’s stock after selling 305,963 shares during the period. Gates Industrial comprises approximately 2.4% of Channing Capital Management LLC’s holdings, making the stock its 10th largest position. Channing Capital Management LLC owned 1.40% of Gates Industrial worth $89,495,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GTES. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Gates Industrial by 1.0% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 52,700 shares of the company’s stock worth $1,308,000 after acquiring an additional 500 shares during the period. CIBC Asset Management Inc lifted its holdings in Gates Industrial by 4.3% in the 3rd quarter. CIBC Asset Management Inc now owns 13,612 shares of the company’s stock worth $338,000 after purchasing an additional 565 shares in the last quarter. Tectonic Advisors LLC boosted its stake in Gates Industrial by 2.4% in the 3rd quarter. Tectonic Advisors LLC now owns 24,762 shares of the company’s stock worth $615,000 after purchasing an additional 572 shares during the period. Allworth Financial LP grew its holdings in Gates Industrial by 43.0% during the 2nd quarter. Allworth Financial LP now owns 2,096 shares of the company’s stock valued at $48,000 after buying an additional 630 shares in the last quarter. Finally, Highland Capital Management LLC raised its position in shares of Gates Industrial by 1.2% during the third quarter. Highland Capital Management LLC now owns 52,900 shares of the company’s stock valued at $1,313,000 after buying an additional 650 shares during the last quarter. 98.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Barclays upped their target price on shares of Gates Industrial from $26.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 price objective on shares of Gates Industrial in a report on Friday, February 13th. Wall Street Zen raised Gates Industrial from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. UBS Group reissued a “buy” rating and set a $33.00 price target on shares of Gates Industrial in a research note on Friday, February 13th. Finally, JPMorgan Chase & Co. reduced their price objective on Gates Industrial from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 16th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Gates Industrial has an average rating of “Moderate Buy” and an average target price of $30.27.

Gates Industrial Stock Down 0.6%

Shares of NYSE GTES opened at $27.59 on Friday. The company has a current ratio of 3.37, a quick ratio of 2.42 and a debt-to-equity ratio of 0.61. Gates Industrial Corporation PLC has a 12-month low of $14.70 and a 12-month high of $28.47. The firm’s 50-day moving average price is $23.65 and its 200-day moving average price is $23.94. The stock has a market capitalization of $7.01 billion, a price-to-earnings ratio of 28.45 and a beta of 1.27.

Gates Industrial (NYSE:GTES) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $856.20 million for the quarter, compared to the consensus estimate of $853.35 million. Gates Industrial had a return on equity of 10.36% and a net margin of 7.30%.The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.36 earnings per share. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. On average, equities research analysts anticipate that Gates Industrial Corporation PLC will post 1.36 EPS for the current fiscal year.

Gates Industrial Profile

Gates Industrial Corporation PLC (NYSE: GTES) is a leading global manufacturer of engineered power transmission belts and fluid power products. The company’s portfolio includes synchronous belts, V-belts, hose assemblies, fittings and hydraulic components designed to support a wide range of industrial and automotive applications. Gates Industrial serves sectors such as agriculture, mining, construction, manufacturing, transportation and consumer markets, offering solutions that improve performance, reliability and efficiency in demanding operating environments.

In its power transmission segment, Gates Industrial produces high-strength belts engineered for precise motion control and minimal maintenance.